Housing Wire

OCTOBER 14, 2020

Richard Koss of Recursion will set the stage with data on how capital markets participants are driving channel growth with data specific to retail, correspondent and brokered loan volume. We’ll also get a glimpse into the rise of property inspection waivers and potential secondary market impact.

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Marketing Inspection Staging Equity 209

Housing Wire

OCTOBER 12, 2021

At each stage of the buying process, there are multiple siloed transactions, from appraisals, inspections and settlements to mortgage payments and homeowners’ insurance. When somebody applies for a home loan, there are several handoffs and requests for information between the borrower and various internal departments.

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Lending Technology Loans Industrial 328

Keeping Current Matters

MARCH 15, 2021

Here are five tips for success in this critical stage of the homebuying process. The best way to know this is to get pre-approved for a loan early in the homebuying process. Without an inspection contingency, you could be stuck with a contract on a house you can’t afford to fix.”. Listen to Your Real Estate Advisor.

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Inspection contingency Pre-approval Inspection Staging 277

Realty Biz

JULY 1, 2023

The National Association of Realtors (NAR) conducted a survey in October 2022, revealing that approximately 7% of deals in the preceding three months got terminated before reaching the closing stage. During this stage, the buyer, seller, or their respective agents select an escrow agent who will oversee the process.

Purchase and sale agreement 76

Purchase and sale agreement Earnest money deposit Title search Pre-approval 76

Keeping Current Matters

NOVEMBER 30, 2020

Here are five keys to success for this important stage in the homebuying process. The best way to know this is to reach out to your lender to get pre-approved for a loan early in the homebuying process. Without an inspection contingency, you could be stuck with a contract on a house you can’t afford to fix.”. Bottom Line.

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Inspection contingency Pre-approval Inspection Staging 282

Realty Biz

SEPTEMBER 24, 2022

Military borrowers looking to buy or refinance a home might want to consider a VA loan. Department of Veterans Affairs (VA), this loan option can make buying a home easier for those who might otherwise struggle to afford a mortgage. If you’re a current or former service member, here’s everything you need to know about VA loans.

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VA loan Loans FHA loan Mortgages 66

Housing Wire

JUNE 7, 2022

For example, a loan processor may use a modern LOS to order a flood certification, title report, AUS decision or data verifications, but once the order has been placed, what if the data doesn’t arrive? Ask anyone in the HR department of a loan origination or servicing shop and they’ll tell you that a storm is coming.

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Lending Mortgages HR Title 290

Housing Wire

AUGUST 31, 2023

And as a loan officer (LO), why should I care? A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. Property data collection consists of a complete interior and exterior inspection of the subject property. Why do we need them?

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Loans Inspection Lending Technology 352

Housing Wire

JANUARY 31, 2021

Bryan Bellacosa: Anticipating that foreclosure moratoriums will lift sometime during 2021, real estate investors and servicers need to be prepared for an increase in defaulted loans. EXOS One Marketplace provides unmatched insight on disposition strategy through every stage of an asset.

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VA loan Investor Title Loans 205

Realty Biz

JUNE 20, 2023

Understanding Foreclosures Foreclosure is a legal process where a lender attempts to recover the balance of a loan from a borrower who has stopped making payments. The lender does so by forcing the sale of the asset used as the collateral for the loan, typically a house. Alternatively, you may need to consider hard money loans or cash.

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Due diligence Hard money loan Inspection Title 74

Realty Biz

MARCH 13, 2024

A lot of new buyers just eager for their new lives often miss some crucial steps during the buying process such as undergoing complete pre-purchase home inspection and understanding mortgage terms fully. Ignoring Home Inspection Values It may prove expensive in the future when you opt not to do a home inspection to save money now.

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Pre-approval Inspection Mortgages Finance 67

RIS Media

OCTOBER 29, 2020

The amount you need will depend on the lender and the type of loan you choose. A lot hinges on your credit score as it determines the mortgage you will be offered and the interest rate you will have to pay for the loan. Conventional Loans. The Federal Housing Administration (FHA) backs the FHA loans program. Down Payment.

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Pre-approval FHA loan Inspection Closing costs 140

Real Trends

SEPTEMBER 20, 2023

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? An appraisal ensures that the loan being offered matches the property’s value. The appraiser inspects the property An appraiser visits the property and conducts a visual inspection of the home’s condition.

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Agents Inspection Sales Commercial 87

HomeLight

JANUARY 12, 2022

Next steps include the home inspection, appraisal, and final paperwork. But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021.

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Closing Purchase and sale agreement Pre-approval Inspection 111

Realty Biz

AUGUST 29, 2023

By proactively addressing potential mobility challenges during the planning stages, you can ensure that your new house remains comfortable and accessible for all family members, regardless of their changing mobility needs. Regular site inspections: Arrange regular examinations to monitor the construction progress.

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Construction Inspection Design Land 94

The Close

FEBRUARY 24, 2023

Ah, the home inspection. Because the home inspection can make or break a real estate transaction. If you’ve ever lost a deal thanks to a home inspection, you know the heartbreak. Let’s start with the basic questions most buyers and sellers have regarding the home inspection. Why Do I Need a Home Inspection?

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Inspection Loans As-is Agents 92

HomeLight

AUGUST 30, 2021

To protect yourself, consider adding contingencies (such as an inspection contingency ) that allows you to get an inspection before you occupy the house so you’re fully aware of any existing conditions. To that end… Step 5: Order the inspection. Source: (Jack Barton / Unsplash). Source: (Jack Barton / Unsplash).

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Purchase and sale agreement Inspection Inspection contingency Closing costs 92

Realty Biz

DECEMBER 15, 2022

This stage of escrow totals up the closing costs plus other fees and costs of buying a house. Satisfactory home inspection. A Home Inspection Is Critical. Home buyers on a budget might be tempted to skip the home inspection. Home inspections look for defects in a home that are dangerous or costly.

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Purchase and sale agreement Inspection Title Closing costs 126

CT Homes

OCTOBER 20, 2023

Reduced stress, as you don’t need to fret about house staging or improvements. Plus, you eliminate potential issues like loan denials. The absence of lengthy inspections or appraisals further hastens the process. At CT Homes, we don’t mandate a home inspection or appraisal to make our cash-as-is offer.

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As-is Renovation Inspection Sales 74

Realtor.com

DECEMBER 10, 2020

In a competitive market, buyers might be tempted to forgo a home inspection to speed up the process and appeal to sellers. Better to move forward with the home inspection, and then use the findings as a potential bargaining chip. If your inspection reveals any issues, you can ask the sellers to make repairs as a condition of the sale.

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Closing costs Inspection Closing Rent back 142

Realty Biz

AUGUST 22, 2022

It’s one of the key stages of your life, buying your first property – whether that’s a house, apartment, or even a holiday home. Here are a few of those potential additional costs: Home Inspection Fee. Many people will try to avoid getting a home inspection in order to save money. Home Appraisal Fee.

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Inspection Title search Title Closing costs 91

Realty Biz

NOVEMBER 10, 2021

Home sales at the contingent stage can fall apart for many reasons. Home Inspection Discoveries. A home inspection contingency is a standard clause to protect the buyer should the home inspection discover problems. The home inspection protects the buyer from making a purchasing mistake.

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Purchase and sale agreement Inspection Inspection contingency Finance 128

Point2Homes

DECEMBER 7, 2020

If you’re thinking about how to buy a home that’s in foreclosure, be sure to do your research because there are extra stages involved. Lenders will normally look at your debt-to-income ratio to determine whether you qualify for a loan. The Home Inspection. The home inspection is a critical aspect when buying a foreclosure.

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Debt-to-income ratio Pre-approval Inspection Inspection contingency 118

Windemere Selling

JULY 12, 2023

Home Inspector Another important aspect of preparing your home for sale is being aware of what repairs it needs, which is why some sellers conduct a pre-listing inspection. Even if you don’t get a pre-listing inspection, a home inspector will enter the fold eventually. Buyers may choose to work directly with a mortgage lender.

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Pre-approval Title Staging Inspection 74

Realty Biz

NOVEMBER 11, 2020

Home Inspection Contingency. Home inspections are one of the biggest hurdles in home sales. It is not uncommon for a home to go from being market “contingent” to “back on the market” because of some issues discovered from the home inspection. Home Sale Contingency. Appraisal Contingency.

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Backup offer Sales Home sale contingency Earnest money deposit 111

RIS Media

APRIL 8, 2022

Real estate listings go through different stages. Real Estate appraisals are usually completed when homes are bought via mortgage loans. Home inspection problems. Home inspections are standard practice when buying a home and don’t usually stop a sale unless there is a severe underlying issue with the property.

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Debt-to-income ratio Title search Backup offer Home sale contingency 144

Realtor.com

JANUARY 4, 2023

Inventory levels are still low, but there are more homes coming on the market; the bidding wars and mind-boggling offers over the asking price have died down; and buyers can once again insist on inspections, contingencies, and repairs before the deal closes. And they’re all in different stages of their lives.

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Inspection contingency Pre-approval Mortgages Inspection 133

Realty Biz

AUGUST 2, 2023

By enhancing the curb appeal, making necessary repairs and improvements, and staging your home for maximum impact , you can attract potential buyers and increase the chances of a swift sale. Staging Your Home for Maximum Impression Effective staging can help buyers envision themselves living in your home.

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Purchase and sale agreement Title Staging Inspection 93

HomeLight

JUNE 16, 2023

Key to this process is the short-term loan they provide to clients which allows them to make a cash offer on a new home before their current property is sold. This short-term, cash loan is payable within 10 days, as opposed to the current 50-day timeline for a mortgage closing. of their home’s final purchase price.

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Home sale contingency Staging Loans Closing 86

CT Homes

NOVEMBER 9, 2023

Stage Your Home Staging is about presenting your home in the best light. Staging makes your home look more appealing and helps it sell faster. This means no waiting for bank loan approvals, no appraisal requirements, and no nail-biting periods where the deal could fall through.

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Staging Sales Inspection Agents 74

Windemere Selling

JULY 19, 2023

Alert the credit bureaus if you see any mistakes, fix any problems you discover, and don’t apply for any new credit until after your home loan closes. It’s also critical that you stage your home to generate maximum buyer interest. Determine how much you’ll pay in taxes monthly and/or annually.

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Pre-approval Inspection Closing costs Agents 67

HomeLight

AUGUST 30, 2022

It’s natural to be curious about how a home appraisal works, especially when you’re in the process of selling and an interested buyer is relying on loan assistance to afford your asking price. The inspection itself can take 15 minutes to several hours, depending on the size and complexity of the home. Walkthrough inspection.

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Inspection Agents Loans Construction 104

HomeLight

JANUARY 3, 2023

FSBO sellers in Colorado may consider getting a home inspection prior to listing their home for sale. However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. Step 3: Declutter, clean, and stage your home. Closing date.

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Purchase and sale agreement Inspection MLS Inspection contingency 98

HomeLight

MARCH 30, 2021

Some people just focus on a home inspection and that’s not enough. There’s a difference between the two stages. Prequalification usually just means that a mortgage professional takes a look at your finances (assets, income, and other debt) and gives you an estimate of the loan amount you may be able to afford.

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Due diligence Inspection Title Pre-approval 103

HomeLight

MARCH 31, 2022

FSBO sellers in Florida may want to consider getting a home inspection prior to listing their home for sale. Addressing any issues upfront helps buyers have peace of mind when making an offer and helps to prevent inspection-related closing delays. Step 3: Declutter, clean, stage, and add curb appeal. Get Estimate.

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Purchase and sale agreement Inspection Title MLS 90

HomeLight

DECEMBER 1, 2020

While this certainly bodes well for those looking to list their homes, Clark warns sellers to proceed with caution, as rising prices can rule out first-time buyers in need of options like down payment assistance or FHA loans. Your house is going to have to shine a little bit better than maybe for a conventional loan.”.

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Staging Inspection FHA loan Agents 78

Realtor.com

JANUARY 2, 2023

And if you are working with a smaller builder that does not have an affiliated lender, the builder will typically work with a local mortgage broker to assist buyers in securing loans. You can’t inspect a new-construction home before you buy it. You can absolutely do a home inspection before you purchase a new construction.

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New Construction Construction Pre-approval Inspection 105